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<p>BC, apparently, a few great minds think alike. :)</p>
<p>[Did</a> S&P Just Shoot Itself in the Foot? - Seeking Alpha](<a href=“Did S&P Just Shoot Itself in the Foot? (NYSE:SPGI) | Seeking Alpha”>Did S&P Just Shoot Itself in the Foot? (NYSE:SPGI) | Seeking Alpha)</p>
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<p>I bought treasuries and sold them today.</p>
<p>OK, I am so SO sorry … after yesterday’s exercise debacle wherein my noontime run (apparently) caused a 300 point drop in the Dow, I decided to go out earlier today, at 9:30 this morning. And look what happened! For all of you who suggested that I keep exercising DESPITE its deleterious effects on markets, I hope today’s 400 point drop didn’t effect you too badly. Sniff.</p>
<p>Well, *some *of us care about something other than ourselves. Personally, I plan to refrain from running through the streets of my town until the economy is on a sound footing again.</p>
<p>(You’re welcome.) :D</p>
<p>Three PM. Just got back from my annual physical. Doctor couldn’t explain how my exercise could be causing all this market turmoil. But he asked that I refrain from exercising the remainder of the month … as a precautionary measure.</p>
<p>Market futures are up. NewHope, don’t you dare to move a muscle! LOL.</p>
<p>IP</p>
<p>What do you think of the Laffer Curve at 90%? Just curious.</p>
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<p>Or soon after the 1st or 15th of the month? Who benefits the most from market swings? If someone had lots of money and a significant share of the market, could she/he manipulate the market? (too naive questions?)</p>
<p>After all these wild girations, am I wrong, or does it seem that we’re pretty much back where we were before the S&P downgrade? </p>
<p>I don’t trade, just invest over a longer period, so I don’t watch the hour to hour the way some of you keep abreast. Sometimes it just seems to me that America’s biggest product is the stock itself, not the companies the stock is for. Depressing.</p>
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<p>I think of USA in the 1950s. It was a horrible time. A period of low growth, wage stagnation, and very high unemployment.</p>
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<p>A lot of people made a lot of money.</p>
<p>^^There was an economic boom in the 1950s.</p>
<p>well hayden…there was a classic book written many years ago…“Where Are the customer’s Yachts?”</p>
<p>[Amazon.com:</a> Where Are the Customers’ Yachts: or A Good Hard Look at Wall Street (Wiley Investment Classics) (9780471770893): Fred Schwed, Peter Arno, Jason Zweig: Books](<a href=“http://www.amazon.com/Where-Are-Customers-Yachts-Investment/dp/0471770892/ref=sr_1_1?ie=UTF8&qid=1313094759&sr=8-1]Amazon.com:”>http://www.amazon.com/Where-Are-Customers-Yachts-Investment/dp/0471770892/ref=sr_1_1?ie=UTF8&qid=1313094759&sr=8-1)</p>
<p>“The title refers to an ancient story (which the author finds is probably at least 100 years old by now) about a visitor to New York who admired the yachts that the bankers and brokers had in the harbor. Naively, he then asked where the customers’ yachts were. Naturally, there were no customers’ yachts.”</p>
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<p>Cannot be true. The Laffer curve predicts otherwise.</p>
<p>^ Common knowledge. Google it.</p>
<p>Search “postwar economic boom” and “the Golden Age of Capitalism”.</p>
<p>I refuse to let facts get in the way of a convenient theory - the Laffer Curve in this case.</p>
<p>IP, I think you’re just too subtle for the internet.</p>
<p>IP, I think so too. I laughed when you put up your first post. But then when someone replied, I couldn’t figure out whether they were playing along, or whether the belief in tax cuts is so strong that someone actually got caught thinking that a zero rate would increase tax revenues. Good one.</p>
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<p>Use TMS (Tuition Management System) that allows parent of the participating institutes to pay total amount (FEEs + food + dorm) on an installment basis without interest after an enrollment fee based on the institute ranging from $20 to $80 for the full year.</p>
<p>^^Excellent suggestion, POIH. The $60 fee I paid to set up more than $50K in payments was worth it for me.</p>